From Star.com.jo: The effects of the global financial crisis are also being felt on the stock markets of the Arab world. It is no surprise, therefore, that finding ways out of the current crisis was at the top of the agenda at the recent World Islamic Economic Forum in Jakarta.
The feeling of panic or at least the fear of making major losses has reminded many Arabs, Iranians, and Muslims elsewhere around the world that some of what has happened might have been avoided if the tenets of Islam had been observed. After all, there is a banking system in the Muslim world that is based on religion, namely the Islamic banking or finance system..... Full Article: Source